Camden National Corporation (CAC) Financial Statements (2025 and earlier)

Company Profile

Business Address TWO ELM ST
CAMDEN, ME 04843
State of Incorp. ME
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments144,653110,519181,566104,847215,70998,513
Cash and cash equivalent139,512105,560176,719100,200211,51494,278
Short-term investments5,1414,9594,8474,6474,1954,235
Total current assets:144,653110,519181,566104,847215,70998,513
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   4,252  
Operating lease, right-of-use asset   11,497  
Property, plant and equipment35,77634,95834,78935,04935,12135,356
Intangible assets, net (including goodwill)95,25195,39095,52995,66895,81695,964
Goodwill94,69794,69794,69794,69794,69794,697
Intangible assets, net (excluding goodwill)5546938329711,1191,267
Deferred income tax assets37,70341,79842,08742,22650,24748,105
Total noncurrent assets:168,730172,146172,405188,692181,184179,425
Other undisclosed assets5,431,7975,441,7155,440,8145,420,9675,382,7825,465,993
TOTAL ASSETS:5,745,1805,724,3805,794,7855,714,5065,779,6755,743,931
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt516,336552,606601,499485,607470,140448,182
Total current liabilities:516,336552,606601,499485,607470,140448,182
Noncurrent Liabilities
Other undisclosed liabilities4,698,9444,663,4884,691,7094,733,8354,846,2374,828,373
Total liabilities:5,215,2805,216,0945,293,2085,219,4425,316,3775,276,555
Equity
Equity, attributable to parent529,900508,286501,577495,064463,298467,376
Common stock116,072115,543116,449115,602114,842114,302
Accumulated other comprehensive loss(87,099)(101,231)(103,015)(101,552)(130,208)(121,934)
Retained earnings500,927493,974488,143481,014478,664475,008
Total equity:529,900508,286501,577495,064463,298467,376
TOTAL LIABILITIES AND EQUITY:5,745,1805,724,3805,794,7855,714,5065,779,6755,743,931

Income Statement (P&L) ($ in thousands)

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Revenues
(Net Investment Income)
55,87353,94352,02151,56050,41748,912
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (239)(650) (569) (103)
Gross profit:55,63453,29352,02150,99150,41748,809
Operating expenses(3,544)(3,269)(3,069)(2,688)(2,849)(3,375)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,1569429501,0201,152966
Operating income:53,24650,96649,90249,32348,72046,400
Nonoperating income (expense)7096946835,835(4,691)613
Investment income, nonoperating    5,335(5,335) 
Bank owned life insurance income709694683500644613
Interest and debt expense(30,134)(29,978)(28,910)(27,088)(25,085)(23,365)
Income from continuing operations before equity method investments, income taxes:23,82121,68221,67528,07018,94423,648
Other undisclosed loss from continuing operations before income taxes(7,967)(6,813)(5,340)(17,790)(6,921)(8,094)
Income from continuing operations before income taxes:15,85414,86916,33510,28012,02315,554
Income tax expense(2,781)(2,876)(3,063)(1,800)(2,236)(3,165)
Net income attributable to parent:13,07311,99313,2728,4809,78712,389
Undistributed earnings (loss) allocated to participating securities, basic  (1)(11)(5)(9)(17)
Net income available to common stockholders, diluted:13,07311,99213,2618,4759,77812,372

Comprehensive Income ($ in thousands)

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Net income:13,07311,99313,2728,4809,78712,389
Other comprehensive income (loss)14,1321,784(1,463)28,656(8,274)(2,463)
Comprehensive income, net of tax, attributable to parent:27,20513,77711,80937,1361,5139,926

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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